What is the difference between black, white, and grey hackers?

What is missing from the article:

Many white hats, the legendary ones, carry the mark of conviction and jail time. Many of them, get recruited for their skills, by security companies. A taste of jail is usually what turns a black-hat into a white-hat pretty quickly
 
If issues are found, they’ll report them to the owner – sometimes requesting a fee to fix the issue. If the owner does not comply, the hacker could post the exploit online for public viewing.
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This makes it sound malicious. The reason exploits get posted is not as a means of extortion but to draw attention to them so they get fixed. Many companies simply can't be arsed about exploits thinking that if it's secret their systems are safe.
 
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